This property looks like a bad Long-Term investment with a projected -12.55% first-year return on $105k initial cash invested.
-12.55%
Cash On Cash
3.78%
Cap Rate
0.62
DSCR
$2,816
Rent
-$1,098
Cashflow
Cash Flow
$2,816 income − $3,914 expenses = $1,098 out of pocket
Investment Breakdown
|
Purchase Price
$500k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$100,000
Closing costs
1%
$5,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,816
Total Expenses
$3,914
Mortgage P&I
90%
$2,533
Property Taxes
17%
$473
Home Insurance
6%
$175
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0